Before you file for bankruptcy, it’s important to understand how inherited assets—like property, money, or valuables—could be affected.
In our latest blog post, Padgett & Robertson explains what every Alabama resident needs to know about how inherited assets are treated under both Chapter 7 and Chapter 13 bankruptcy. Learn about the 180-day rule, exemption strategies, and how to protect your inheritance from liquidation or increased repayment demands.
Whether you’ve already inherited assets or expect to soon, this guide is essential reading before making any financial decisions.
🔍 What you’ll learn:
- The difference between exempt and non-exempt inherited assets
- How Chapter 7 vs. Chapter 13 bankruptcy treats inheritance
- Legal risks of transferring inherited property
- Strategies to protect inherited assets, including trusts and timing your filing
📖 Read the full article:
The Impact of Bankruptcy on Inherited Assets in Alabama
➡ Understand your rights. ➡ Protect what’s yours.
📞 Have questions about bankruptcy and inheritance in Alabama?
Call Padgett & Robertson at (251) 336-3695 to schedule a consultation with an experienced attorney
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